Monday, May 21, 2018

Westfield buys Macy's building at Montgomery Mall

Westfield has purchased the Macy's store building at their Montgomery Mall property in Bethesda. The sale price was $20,000,000, according to real estate records. This follows the mall owner's purchase of the Sears store building last year.

Both Sears and Macy's have sought to sell some of their real estate portfolios nationwide in recent years. Now that Westfield owns the Macy's space, can they make them tidy up the men's dressing rooms? Yikes.

8 comments:

Anonymous said...

#TheDarkSideOfMontgomeryMall

Anonymous said...

I agree with the dressing rooms. They're atrocious.

Anonymous said...

Sorry Hitler, just because they purchased the land, doesn't give them the right to regulate the internal space. Just look at Payless, what a mess.

Rugby said...

The Macy's in-store experience is so bad- filthy dressing rooms with gum stuck everywhere, picked over clothing racks and lack of cashiers- I can only deduce that they are driving people to their website to order.

Rugby said...

10:35 AM To clarify- I'm speaking of Montgomery Mall specifically. Wheaton Plaza Macy's isn't as bad.

Elm said...

I was in that Macy's for the first time in months, possibly a few years. It seemed that staff had been cut by nearly half - there was no one walking the floor, many registers were unattended, and as noted by others, no one to tend to the piles of discarded clothing.

Anonymous said...

What's the long term plan for Sears and Macy's? Tearing down Sears is a no brainer, but the Macy's building is tightly integrated into the mall and parking lots.

With the possible exception of the likes of Nordstroms and Bloomingdales, anchor stores are dead. I think a Whole Foods would thrive in this location - with just a bit of cannibalization of the North Bethesda market location.

The Rock Spring Master plan calls for a lot more residential and mixed use in that area and adding residential would give a boost to some of the smaller retailers and restaurants in the mall. The demographics that supported the concept of a "Rock Spring Centre" apply to the mall area as well. Given that "Rock Spring Centre"is dead (even if they haven't admitted it yet), Westfield may have an opportunity to make their land much more mixed use. The connectivity to the Beltway and 270 couldn't be better - they'd want to push for BRT to connect to metro.

Anonymous said...

Macy's at MM is a mess. Since the destruction/rebuild? of the side parking lot, there's even less parking. The woman's dressing rooms are so rank, I refuse to go in there any more, but some things you have to try on - so I go elsewhere. The Macy's Home store seems to be ok, even though the parking lot elevator rarely works.